Question: Compute the missing amount in the accounting equation for each entity from the financial information presented: Assets Liabilities Equity Hair Styles $ ? $36,000 $36,000

Compute the missing amount in the accounting equation for each entity from the financial information presented:

Assets Liabilities Equity
Hair Styles $ ? $36,000 $36,000
Style Cuts 90,000 ? 48,000
Your Basket 101,000 68,000 ?

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Part 1

Assets Liabilities Equity
Hair Styles $36,000 $36,000
Style Cuts 90,000 48,000
Your Basket 101,000 68,000

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